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To: Nathan who wrote (52804)1/2/2001 12:37:27 PM
From: Les H  Read Replies (1) | Respond to of 436258
 
You might go to astroecon.com and read his weekend comments. He has comments about bradley points to use as turns, not absolute highs or lows. Cycle points aren't much use unless they're confirmed by market oscillator or momentum indicators. Last Thursday was a short-term peak. Next potential low is this coming Friday using the 10-week cycle broken up into shorter subcycles.



To: Nathan who wrote (52804)1/2/2001 12:51:47 PM
From: pater tenebrarum  Respond to of 436258
 
it's still possible of course...i think it may be inverted for several reasons: a) the put buying isn't indicative of a low; b)it tends to invert in down trends. often a succession that looks like high-low-high on the Bradley will turn into high-low-low in a down trend, with the interim high made somewhere in between. the major turn is at the end of Jan., and i still believe probabilities favor this to be a low. if it is a retest of a prior low, we should get the initial low that is to be tested relatively early in January. the full moon on the 9th would be an ideal point for putting that initial low in.